Posts tagged ‘real estate’

Katie has some un-reality or some fantasy around her calendar. I noticed that I am anticipating teleporting in my schedule because I don’t have ANY travel time included in my event. What? That is just plain old crazy! That changes today. I am the master of my own destiny and calendar, so I am putting in travel time and building my day the way that I want it.

Today’s items are:

1. Exercise
2. Research Podcast

Jessica had a big day yesterday. That phrase, when it rains it pours was definitely the way it went yesterday for me. We looked at the new 4 unit property that we have an offer accepted on. We liked it and are going to move forward with it. So we have between now and July 2nd to accomplish a whole slew of tasks. Also, my lawyer has news for me and I am looking forward to speaking to her about my current case today. And then when I got home my new Galaxy S4 had arrived. And I am super excited about that. But since I am currently on an iPhone, I didn’t want to figure out how to transfer and what won’t transfer so I will get that going this weekend.

Today’s items are:

1. Wire the deposit to the escrow company
2. Talk to the lawyer… finish this stuff!
3. Sleep… the pregnant lady (ME) has gotten 5-6 hours a night this whole week so sleeping a whole bunch is on the list!

Its’ Katie here. I did it all and then some:) I read through chapter 8 of Podcast Launch and am really excited to implement what I learned. BTW – that may mean moving off of the BlogTalkRadio platform. I also set up a Facebook page with autoposts through Sunday for MITM. Jessica has informed me that we can have all blog posts autopost to Facebook which is REALLY exciting, because automation = more time to spend on other stuff:)

Jessica has an offer accepted on a house! YaaaaY! Now begins the inspection process. Starting with actually going and seeing the property on the inside. Since, it is a multi-unit we have not been able to see the inside until we had an offer accepted. So today is the day. Also, yesterday I applied to be in a Mastermind Group for a Niche site duel, where I will learn and accept the challenge of getting a keyword I select to number 1 in Google, which I have never been able to do in the past but am very excited to take on the challenge.

So you know how you have one of those days when you realize that all the things that you have been working on have finally all come together and the lost abyss that you have been wandering in has finally sorted itself out?

No?

Well, I had heard about all of these people who had that experience and always wanted it and I didn’t want it to happen when I was 80. Then today happened. But first let me back track.

20 weeks baby picture… sleepy

For the past year I have trained and am now officially a holistic health coach. I have learned about everything that it takes to be healthy from spirituality, to fulfillment, to food, to body image and living your passion. And what I got out of learning all of that myself was this precious little thing… The baby didn’t want photo’s this day… Sleeping.

In my family one issue that is all over is drug and alcohol addiction. There are many members that suffer with this addiction and I personally have battled my demons with addiction and have found a way to live and thrive drug free. And its an area that I want to learn more about and really contribute in. But then I think, “Well, there is no money in drug addiction or helping people who are addicted. They don’t want help or need help. Or they will seek help when they are ready.” However, I have found a way!

And you know, if you follow my posting, that I am interested in real estate and I am not interested in being a contractor. I am interested in having real estate and making passive income doing it.

So without further adieu… I am going to research my new idea and I will let you know how it goes!

So tonight I find myself on a call with a wonderful woman who is running 2 buildings that house sober living men. And the more we talked about it the more I realized that I was having one of those defining moments in life where life suddenly takes on a whole new direction. And fulfilling on what I am passionate about in real estate, making a difference and providing people with access to a healthier life ALL came together. Boom! (As John Dumas would say)

We put probably $30k into the house. And we did all the “right” things. We had our tenants agree to move out. We paid to have everything hauled off the property. We staged it. We got a landscaper to go over. We touched up the paint and fixed minor contractor things here and there. And all of that cost maybe $10k. And we are looking at houses that have stuff everywhere and things out of place, dirty dishes out! or wires painted and hanging funny and that just hurts your price. People need to see themselves in it not you in it. Not your lazy tendencies to not fix things, and trust me I am a lazy tendency a lot of the time. However, when it comes to using money at the right time I REALLY recommend spending the money to just make everything look great, not personalized to you and set up in the best way possible with experts who know how to place furniture. Not that I would call myself a real estate expert, yet. I am looking at pursuing it, especially given this recent success in the market.

The real estate market is hot right now. And we were fortunate to have a house in San Francisco where it’s almost always hot. The next property we buy is most likely going to be in San Diego and I am not sure that it will be as hot when we try to sell it later, but heck, I am going to enjoy the moment and celebrate with a big glass of wine… just kidding I’ll have some juice.

I have read many, many books about making money and being an entrepreneur. One that I found most impactful was Rich Dad, Poor Dad by Robert Kiyosaki. It was the first time I realized that the corporate world and our education system really has been set up to have us constantly be in debt and have to keep working to keep making money to keep paying back money so we can get more debt so we have to keep working and on and on.

In line with that my husband and I bought a beautiful house in San Francisco in 2011 for a screaming deal. It is a 4 bed 2.5 bath, way bigger than we needed, but we figured that we could rent it to friends that we would live with to help reduce our monthly expenses. Let’s just say we learned a valuable lesson about personal space and renting to friends. April 18th, 2013 I put the house up for sale in San Francisco (http://www.redfin.com/CA/San-Francisco/30-Patton-St-94110/home/1727433) and I LOVE that house. I love San Francisco, I love walking places, I love everything about it. But I live in San Diego now and the time is right to sell… We can make a bundle of money and then invest it again. What makes this interesting is that now what do I want to do with that money? My husband is all for putting all or most of it into another property. But I personally am thinking about diversifying the money.

I just thought of a great idea… I am going to propose to my husband that we split the proceeds from the sale and he takes his half and invests it how he sees fit and I will take my half and invest it. And in 1 year from now we can check back in and see how it went. I do not have high hopes of him approving of this idea but hey… I will let you know what happens.

The gist is that I do want multiple streams of income. My husband has one stream of income from a corporate job that he loves and really makes a difference doing. I have one stream of income from my current corporate job, which days are numbered and before we put our house up for sale we have a rental income from our house in San Francisco, which makes 3 sources of income. And hey 3 IS better than 2. However, I would like to create 5 sources of income. 1 is my husbands and not passive at all. But the other 4 will be.

Inspiring quote of the moment

We are what we repeatedly do. Excellence, then, is not an act, but a habit. ~ Aristotle

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